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open market capitalism Miracle in Chile

The turn around of Chile’s economic policy in the 70s and 80s was largely due to the input of a group of Chilean economists dubbed the “Chicago Boys”, as they had studied economics at the University of Chicago under Friedman and Arnold Harberger. Chile’s economic miracle should be depicted as a solidification of corporate power not a benefit to Chileans as a whole , Chile is often quoted as a success story of open market capitalism, with famous free-market proponent Milton Friedman describing the Chile’s free market as paving the way for a free society. Do you think that the role of economic liberalism lead to economic miracle in Chile?

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